Disability Insurance Rates

Written by Patricia Tunstall
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Disability insurance rates are determined by your personal and employment information, and by the amount of coverage you want. The most convenient way to get a disability insurance quote is to go online and explore the many Web sites of providers. Unless you have the expert guidance of a disability insurance broker, you will need to familiarize yourself with specialized terms and definitions used in this field.

Once you can sort out the various definitions of "disability," for instance, and you have an idea of how much and what type of coverage you need, then you can start putting in the necessary information to get personalized quotes. You will need your personal identification information, such as your name, plus some basic details about your medical history and health, your occupation, age, sex, and level of income. You will probably be automatically disqualified if you are unemployed or have a pre-existing medical condition.

Important Insurance Factors

Your occupation and income are very important, not only in determining rates, but also in determining the amount of coverage you need for your future security in case you are disabled. If you must carry a weapon in your line of work, you are not eligible for disability insurance. A high-income position in a corporation will lead you to consider different coverage than a lower-paying job.

Your age is very important in disability insurance rates. The closer you get to 50, the more your rates go up and your benefits go down. Approach age 60, and this is even more apparent. After age 64, you will not be able to even get a policy from most providers. All the more important that you research and consider disability insurance now if you are healthy and under 50 years of age.

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